Why did EAF's Q2 2024 EPS exceed forecasts significantly?
4/9/2025 03:41pm
The EPS of GrafTech International Ltd. (EAF) for Q2 2024 did not exceed forecasts significantly. In fact, the company reported a net loss of $15 million and an adjusted EBITDA of $14 million for the quarter. Therefore, the statement that the EPS exceeded forecasts significantly is not accurate.
Regarding the negative information, it should be noted that the company's sales volume did show a 6% sequential improvement in Q2 2024. However, this does not justify the overall negative financial performance. The industry's weak demand, low capacity utilization rates, and high costs per ton continue to impact GrafTech's results. Despite these challenges, the company remains optimistic about long-term growth opportunities in the steel and EV markets.